| Last updated on September 23rd, 2023
Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
- 17.99% - 28.74% (Variable) Regular Purchase APR
- 17.99% - 28.74% (Variable) Balance Transfer APR
- 29.99% (Variable) Cash Advance APR
- 0% for 12 months on Purchases Intro Purchase APR
At a Glance
The Citi® Diamond Preferred® Card provides one of the longest 0% intro APR periods on the market for no annual fee.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.99% - 28.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- Get free access to your FICO® Score online.
- With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
- Intro Purchase APR: 0% for 12 months on Purchases
- Regular Purchase APR: 17.99% - 28.74% (Variable)
- Intro Balance Transfer APR: 0% for 21 months on Balance Transfers
- Balance Transfer APR: 17.99% - 28.74% (Variable)
- Balance Transfer Transaction Fee: 5% of each balance transfer; $5 minimum.
- Cash Advance APR: 29.99% (Variable)
- Cash Advance Transaction Fee: 5% of each cash advance; $10 minimum
- Penalty APR: Up to 29.99% (Variable)
- Annual Fee: $0
- Foreign Transaction Fee: 3%
- Late Payment Penalty Fee: Up to $41
- Return Payment Penalty Fee: Up to $41
- You make frequent purchases to entertainment events and want priority access
- You're looking for a generous introductory 0% APR period for both purchases and balance transfers
Citi Diamond Preferred Card Review
The Citi® Diamond Preferred® Card stands out from the competition with its above-average introductory 0% APR period of 12 months on purchases. A year is a long time to take advantage of zero interest charges, so if you’re considering a large purchase that will require multiple installments to pay off, this is one card to keep on your shortlist.
The card also enjoys a 21-month intro APR period on balance transfers, making it one of the better balance transfer credit cards on the market today. The over a year-and-a-half of zero APR on balance transfers requires the transfer to be completed within 4 months of account opening, and incurs a balance transfer fee of $5 or 5% of the amount of each transfer, whichever is greater.
If you’re on the right side of the credit score scale and want to move a balance to a card with lower interest payments, the Citi® Diamond Preferred® Card is a safe bet. The 21-month promo period is similar to what comes with the Citi Simplicity® Card, making it a reliable – and quality – choice for those with an existing balance.
Which Credit Cards Offer the Longest Intro APR Period'?
The Citi Diamond Preferred offers 21 introductory months of 0% APR on balance transfers, but how does it stack up to other offers?
Citi® Diamond Preferred® Card
- 12 months introductory 0% APR on purchases
- 21 months introductory 0% APR on balance transfers
- 12 months introductory 0% APR on purchases
- 21 months introductory 0% APR on balance transfers
Related Article: Citi Low Rate Credit Cards Vs. Other Balance Transfer Cards
Citi Entertainment
Another neat perk is Citi® Private Pass® (also known as Citi Entertainment), which grants you exclusive access to entertainment, concerts, sporting events, and dining purchase opportunities. Through this benefit, you can buy concert pre sale tickets before they go on sale to the general public, VIP packages that are exclusive to Citi®, and you can even earn complimentary movie screening passes. For those who are big on these types of experiences, it’s worthwhile to keep a Citi® card within reach.
Other features offered by the card are expected and welcome, such as $0 liability on unauthorized charges, concierge and around-the-clock customer service, and the flexibility to choose your bill due date. There’s also Citi Identity Theft Protection, providing comprehensive ID and threat protection. There is no annual fee, although you will be charged a foreign transaction fee if you use the card abroad, so keep that in mind.
Citi Diamond Preferred Mastercard Benefits
Beyond an exceptionally low APR and one of the longest intro APR periods on offer today, the Diamond Preferred credit card from Citibank provides cardmembers with Mastercard traditional benefits and protections. These protections include the following:
| Zero Liability Protection | Mastercard Global Services | ID Theft Protection |
Card Availability
Citibank credit, debit, and banking products are available in all 50 U.S. states plus the District of Columbia.
Citi Diamond Preferred FAQs
Have a question about the Citi Diamond Preferred credit card? Here are some of the most common questions concerning the Diamond Preferred from Citi bank, and the answers:
- Citi partners with Experian and FICO to generate credit scores for users, with the bank pulling all three credit bureaus when applying for the Citi Diamond Preferred. Typically, Citibank pulls either Experian or Equifax when you apply for one of its credit cards.
- Citi has a grace period of 23 days with its credit cards – including the Diamond Preferred Card. There are no grace periods on Balance Transfers and Cash Advances, however.
- No. The Citi Diamond Preferred and Citi Simplicity the bank’s two low rate/ balance transfer cards do not earn cash back rewards or ThankYou Rewards points on purchases. Cardmembers do have access to Citi merchant deals, however, which provides savings on purchases with partner brands.
- Citi require good or excellent credit to successfully apply many of its credit cards – the Diamond Preferred included. This requirement means you should expect to have a FICO credit score of 720 or higher to get the card.
- You can call Citi Customer Service at 1-800-950-5114 (TTY: 1-800-325-2865 for hearing and speech impaired services only)
- The Citi Diamond Preferred Card is a plastic credit card.
- No, the Citi Diamond Preferred is not metal. The card is a plastic credit card.
- Citi credit limits typically range from $500 to $2,000 for new accounts, with applicants with excellent credit receiving credit limits as high as $10,000 according to reports.
Citibank Ratings
How does the Citi Diamond Preferred stack up? Here are a selection of expert reviews for the card, as well as an overview of Citi as a bank:
| BestCards | Better Business Bureau | TrustPilot |
|
4/5 |
4/5 |
3/5 |
Should You Apply for the Citi Diamond Preferred Card?
Is the Citi Diamond Preferred a good card? If you are looking to pay down existing credit card balances or enjoy a great low everyday APR, than the answer is likely a resounding “yes.”
There is a lot of Citi love in the Diamond Preferred – and it shows in the great features it provides. Beyond the introductory 0% APR on both purchases and balance transfers, the card features Citi’s lowest regular APR – making the Diamond Preferred from Citi an ideal partner for consolidating debt or financing a large purchase. It is this slightly lower APR that is the biggest difference between Citi Diamond Preferred and Simplicity, the card’s balance transfer sibling.
Overall, the Citi Diamond Preferred credit card offers plenty of what you want ina credit card, but without the interest rate bloat that frequently comes with a rewards program. If you have good or excellent credit and want a versatile balance transfer or low rate credit card, you may have just found your match.
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